Open-source emergence reshapes AI strategy in financial services
Open models can cost 50 to 100 times less than frontier models
Rapid advancements of open-source models are prompting financial institutions to pull back on frontier-model usage and reevaluate their AI strategies. Open-weight models are becoming “increasingly capable and are putting downward pressure on AI pricing, which is good news for all LLM users, including financial institutions,” Chris Griffin, co-founder of digital banking platform Narmi, told FinAi News. Open-source models come with […]
